
According to the Census Bureau, the number of new homes sold slid for the fourth straight month in August, easing 2 percent from July. On a seasonally-adjusted, annualized basis, home buyers bought 295,000 newly-built homes last month. August marked the lowest new home sales tally since February. News outlets are jumping on the story, with at least one calling it a "blow" to the housing market. That's an unfair assessment. It's tough for the new home market to tally big sales numbers … [Read more...]
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